Blackhawk Capital Partners LLC. Trims Stock Position in McDonald's Corporation (NYSE:MCD)

Blackhawk Capital Partners LLC. lessened its holdings in McDonald's Corporation (NYSE:MCD - Free Report) by 16.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,060 shares of the fast-food giant's stock after selling 1,018 shares during the period. Blackhawk Capital Partners LLC.'s holdings in McDonald's were worth $1,580,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Mascagni Wealth Management Inc. purchased a new position in shares of McDonald's during the fourth quarter valued at approximately $25,000. Atala Financial Inc purchased a new position in shares of McDonald's during the fourth quarter valued at approximately $26,000. Pinney & Scofield Inc. purchased a new position in shares of McDonald's during the fourth quarter valued at approximately $29,000. Fairway Wealth LLC increased its position in McDonald's by 110.0% during the fourth quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant's stock worth $30,000 after purchasing an additional 55 shares during the last quarter. Finally, GKV Capital Management Co. Inc. acquired a new position in McDonald's during the fourth quarter worth approximately $30,000. Hedge funds and other institutional investors own 70.29% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on MCD shares. Truist Financial set a $350.00 price target on shares of McDonald's in a research report on Friday, May 2nd. Morgan Stanley reaffirmed an "equal weight" rating and set a $324.00 price target (down previously from $329.00) on shares of McDonald's in a research report on Monday, June 9th. Citigroup increased their price objective on shares of McDonald's from $353.00 to $364.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Robert W. Baird increased their price objective on shares of McDonald's from $300.00 to $315.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. Finally, Argus lowered shares of McDonald's from a "buy" rating to a "hold" rating in a research report on Friday, June 13th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $321.17.

Insider Activity

In other news, insider Joseph M. Erlinger sold 939 shares of the firm's stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $288.52, for a total value of $270,920.28. Following the transaction, the insider directly owned 10,222 shares in the company, valued at approximately $2,949,251.44. This trade represents a 8.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last 90 days, insiders have sold 2,817 shares of company stock valued at $865,843. Company insiders own 0.25% of the company's stock.

McDonald's Price Performance

Shares of MCD stock opened at $293.49 on Tuesday. The firm has a market cap of $209.85 billion, a P/E ratio of 25.90, a P/E/G ratio of 3.07 and a beta of 0.53. McDonald's Corporation has a 1-year low of $243.53 and a 1-year high of $326.32. The firm has a fifty day moving average of $305.64 and a two-hundred day moving average of $302.53.

McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $2.67. McDonald's had a net margin of 31.75% and a negative return on equity of 195.27%. The company had revenue of $5.96 billion for the quarter, compared to the consensus estimate of $6.17 billion. During the same period last year, the firm posted $2.70 EPS. The company's revenue for the quarter was down 3.5% on a year-over-year basis. On average, sell-side analysts expect that McDonald's Corporation will post 12.25 EPS for the current year.

McDonald's Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were given a $1.77 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.41%. McDonald's's payout ratio is currently 62.49%.

McDonald's Profile

McDonald's Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Spain, and the U.K.

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